Business
EPIC Develops Strategic Relationship With Family Office and Institutes New Policies
EPIC Develops Strategic Relationship With Family Office and Institutes New Policies.
About this update from Epic Corporation Colo
[{"type":"text","content":"\nEPIC Develops Strategic Relationship With Family Office and Institutes New Policies\n\nEPIC Develops Strategic Relationship With Family Office and Institutes New Policies\n\nAUSTIN, TX--(Marketwired - June 15, 2017) - EPIC Corporation (OTC PINK: EPOR) (\"EPIC\" or \"Company\") and Ronald S. Tucker announced \"EPIC has developed a strategic relationship with a Family Office that will provide limited financing ('Financing') to disruptive qualified private companies ('QPCs'), and is instituting new policies.\"EPIC's Strategic RelationshipEPIC's strategic relationship solves EPIC's lack of capital by making it possible to arrange for initial funding for a QPC's business activities.EPIC is an outside-the-box private financial services company that provides affiliated companies and independent QPCs with services included in the EPIC Process.The EPIC Process designs, develops, implements, and manages a complete short-term and long-term financial program for the QPC to enable it to raise capital.The Financing provides the initial capital for a QPC to create a capital foundation to raise more capital in the future. The Financing is primarily to be used to brand the QPC and its products or its services.The ability to arrange initial financing for QPCs will increase the value of an investment in EPIC because: 1) EPIC will not need to raise capital; and 2) EPIC will be able to contract with more qualified independent companies.EPIC is a private publicly traded company and has been using the OTC Markets services for more than three years and has been distributing quarterly stock dividends in its own stock to its Series A 5% Convertible Preferred Stock for more than three years.OTC Markets ServicesEPIC has decided to discontinue the services of OTC Markets due to FINRA's rules regarding the depositing of stock certificates, the reduced number or broker/dealers that will receive and deposit stock certificates, and the cost of depositing stock certificates. The Company has only a few shareholders with a limited number of shares that could be deposited and the cost of trying to deposit the certificates makes it impractical. EPIC recognizes that this will cause OTC Markets to show a skull and cross-bones indicating there is no current information. However, the Company will continue to make current information and financial statements available ...